RS Public debt at the end of last year was 43.3 percent of gross domestic product (GDP) RS, where RS, according to the categorization of the International Monetary Fund (IMF), is one of the low indebted countries.
According to the Government of RS, RS public debt at the end of last year amounted to about 3.77 billion KM , of which the national budget on debt concerns 3.13 billion, on the debt of cities and municipalities 354.8 million, and the debt funds social Security 283.9 million.
Zoran Tegeltija, Minister of Finance, said that the RS, according to the categorization of the IMF, is one of the low indebted countries with public debt to 48 percent of GDP.
As he added, moderately indebted countries have a public debt of 48 to 80 percent of GDP, while in the case of highly indebted countries public debt exceeds 80 percent.
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The highest level of public debt RS was 2005 when it reached 58.7 percent of GDP, while the lowest was in the 2008 when it was 37.1 percent of GDP. The RS Government admits that there is an evident increase of the public debt to GDP ratio, or , in the last four years increased from 39.8 to 43.3 percent.
